TechnipFMC  a global leader in subsea, onshore/offshore, and surface projects has signed an over $1 billion major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming proprietary technology.

 The project also includes other process units, interconnecting, offsites and utilities as the complex will transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro 5 diesel.

 “This award demonstrates TechnipFMC’s long-standing relationship with the Egyptian petroleum sector and strengthens our expertise in the delivery of complex projects in the country. It comes after successful execution of the FEED⁾, reflecting our selective approach and the importance of being involved at a very early stage of any development. Assiut is considered one of the major strategic projects needed to meet growing local demand for cleaner products, and we are extremely honored to have been selected by ANOPC to contribute to the largest refining project to be implemented in Upper Egypt.” Catherine MacGregor, President of Technip Energies, stated.

The Company is working with ANOPC to complete the remaining conditions precedent to enable project work to commence. The Company will include the contract award in its inbound when all the requirements are fulfilled. Assiut National Oil Processing Company (ANOPC) located in Assiut, Egypt is established to build and operate Assiut Hydrocracking Complex (AHC Project). AHC is a deep conversion refining plant for processing “bottom of barrel” and fully converting the fuel oil, based on a “zero fuel oil” Euro V configuration.